July 27, 2024 @ 1:02 pm By Omar Faridi  |  

Jumio, the provider of automated, AI-driven identity verification, risk signals and compliance solutions, released new findings from its Jumio 2024 Online Identity Study, revealing growing concern among Americans on the political influence AI and deepfakes may have during upcoming elections and how they might influence… Read More

July 27, 2024 @ 1:01 pm By Omar Faridi  |  

Jarvis, a pension fintech that empowers employees to plan for their ideal retirement actively, has raised £1.8 million in seed funding in a round co-led by Ascension VC and Cornerstone VC, with participation from Tokio Marine Future Fund. The investment will support growth and product… Read More

July 27, 2024 @ 1:00 pm By Michael Wong  |  

The central bank of the Philippines will resume accepting applications for digital banking licenses after a three-year moratorium, signaling a significant expansion in the burgeoning sector. Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said the number of available slots for new entrants will… Read More

July 27, 2024 @ 12:59 pm By Omar Faridi  |  

Nexo, the institution for digital assets, has reaffirmed its dedication to data security by renewing its SOC 2 Type 2 audit and passing a new SOC 3 Type 2 report with no exceptions. The company has even increased “the audit scope by assessing additional Trust… Read More

July 27, 2024 @ 9:43 am By Tony Zerucha  |  

NordPass’s head of product research and development, Sorin Manole, said Mastercard’s recent commitment to reaching full e-commerce tokenization by 2030 in Europe enables better security through the increased use of passkeys. In practice, this means that cardholders can enable passkeys to authenticate e-commerce transactions. “From… Read More

July 27, 2024 @ 8:42 am By Omar Faridi  |  

iCapital, the global fintech platform driving access to alternative investments for the wealth management industry,  announced a strategic relationship with Ashton Thomas Private Wealth, part of Arax Investment Partners, to provide financial advisors and their high-net-worth clients with streamlined data management and simplified access to… Read More

July 26, 2024 @ 3:55 pm By Omar Faridi  |  

As inflation remains stubbornly high, research shows millions of working Americans still live paycheck to paycheck, with little or no money to adequately save for the future or cover an untimely expense. Fortunately, many employers are “embracing new high-impact financial wellness benefits to help team… Read More

July 26, 2024 @ 3:47 pm By Omar Faridi  |  

Coinbase (NASDAQ:COIN) says that we are at a unique moment in American history where a stunning alignment has emerged — 9 in 10 Americans from across the political spectrum “believe the financial system needs an update.” According to a blog by Coinbase, crypto is a… Read More

July 26, 2024 @ 3:35 pm By Omar Faridi  |  

Checkout.com, a global digital payments provider, announces the results of its commissioned 2024 Total Economic Impact (TEI) study conducted by Forrester Consulting. The independent study outlines a three-year, risk-adjusted present value and ROI for a composite organization “comprised of interviewees with significant experience working with… Read More

July 26, 2024 @ 3:22 pm By JD Alois  |  

The Commodity Futures Trading Commission  (CFTC) says a US district court in Texas has ordered a Texas man, Abner Alejandro Tinoco, and his company, Kikit & Mess Investments, LLC, to fork over $31 million regarding crypto and forex fraud. According to the CFTC, the court… Read More

July 26, 2024 @ 1:01 pm By JD Alois  |  

Artificial Intelligence (AI) is quickly becoming ubiquitous and not just in financial services. While some worry that AI may remove the need for real people to do real jobs, most predict that AI will remove labor-intensive tasks from the stack, allowing individuals to focus on… Read More

July 26, 2024 @ 12:48 pm By Omar Faridi  |  

CME Group Inc. (NASDAQ: CME) reported financial results for the second quarter of 2024. The company reported revenue “of $1.5 billion and operating income of $1.0 billion for the second quarter of 2024.” CME Group further noted that net income “was $883 million and diluted… Read More

July 26, 2024 @ 12:32 pm By Omar Faridi  |  

Alchemy Pay, a fiat-crypto payment gateway, has announced a partnership with Paysafe (NYSE: PSFE), a payments platform. With this partnership, Alchemy Pay integrates Paysafe’s Skrill, NETELLER, and multiple local payment methods into its Fiat On-ramp offering, “enhancing convenience and accessibility for global users, particularly across… Read More

July 26, 2024 @ 12:29 pm By Omar Faridi  |  

Agoric, a layer 1 blockchain designed for chain abstraction, has recently announced several significant developments that will enhance its ecosystem and provide new opportunities for its community and developers. Last week, Agoric had announced the launch of its Orchestration API, which is “designed to revolutionize… Read More

July 26, 2024 @ 11:46 am By Omar Faridi  |  

Cross River Bank, a provider of technology infrastructure and embedded financial solutions, is marking its 16th year of doing business since its founding in June of 2008. Coming out of the 2008 financial crisis, Cross River claims that it “has been at the forefront of… Read More

July 26, 2024 @ 11:12 am By JD Alois  |  

The UK is trying to reinvigorate its moribund public markets by making it easier to list shares and updating new rules. Today, the Financial Conduct Authority (FCA) is announcing final rules that will replace the current prospectus regulation to become a public firm. A consultation has commenced, closing in October…. Read More

July 26, 2024 @ 10:47 am By Omar Faridi  |  

PXP Financial, a global payment services provider, is pleased to announce the launch of its Partner Portal. This advanced platform is engineered “to transform the merchant application journey, elevating the partnership experience with PXP.” Designed to enhance efficiency and accuracy, the Partner Portal “empowers partners… Read More

July 26, 2024 @ 9:39 am By Omar Faridi  |  

My EU Pay, the financial institution that offers frictionless payments and FX to businesses, has partnered with ClearBank, the enabler of real-time clearing and embedded banking for financial institutions, to provide a range of banking services for their clients. My EU Pay will use ClearBank’s… Read More

July 26, 2024 @ 9:28 am By Omar Faridi  |  

Zilliqa is pleased to announce that they have partnered with Brillion, a Web3 smart wallet that specialises in securely managing real-world assets (RWAs). This partnership leverages Brillion’s expertise “in securely and efficiently managing tokenised physical assets, enabling a seamless bridge between the worlds of traditional… Read More

July 26, 2024 @ 9:23 am By Omar Faridi  |  

Carta has released the State of startup compensation, H1 2024 update. Carta data shows that companies have “become leaner and salary benchmarks have remained flat across much of the ecosystem.” Companies on Carta made “more than 60,000 new hires during the first four months of… Read More